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35 3.0 Staff Recommended Action <br />36 <br />37 1.Direct staff to begin negotiating another Predevelopment Agreement in order for <br />38 GHMC to continue working on solving the financing issues. <br />39 2.Direct staff to begin negotiating a Development Agreement based on the <br />40 understanding of the current financing situation. <br />41 3.Direct staff to terminate any further relationship with GMHC and authorize staff <br />42 to start the process to solicit other potential builders/developers for proposals of <br />43 medium-density owner-occupied housing that recognizes the existing <br />44 development concept. <br />45 <br />46 <br />47 <br />48 <br />49 <br />50 <br />51 Prepared by: Jeanne Kelsey, Executive Director (651-792-7086) <br /> <br />52 <br />53 Attachment A: Predevelopment Agreement <br />54 B: Section 3a-f requirements of the developer <br />55 <br />56 <br />57 <br />58 <br />59 <br />60 <br />61 <br />44A4 <br />44A4 <br />44A4 <br />44A4 <br />44A4 <br />44A4 <br />44A4 <br />44A4 <br />44A4 <br />44A4 <br />44A4 <br />44A4 <br />44A4 <br />75 <br />44A4 <br />RHRA_ Agenda (2-17-15) - Page 2 of 1 <br /> <br />